Hong Kong
Asia · Pop. 7.5M · #17 startup ecosystem by EV
1 Overview
* C→Unicorn and Unicorn→Decacorn rates are derived from current counts (no founding-cohort data); the four mid-funnel rates use Dealroom's cohort tracking.
2 Largest rounds
Largest funding rounds in Hong Kong
A live treemap of $40M+ rounds from the Dealroom API. Each cell is one round into a company headquartered in Hong Kong, grouped by Dealroom sector.
Largest rounds in Hong Kong - 2024–2026
3 VC investment
How much venture capital flows into Hong Kong
VC investment into Hong Kong-headquartered, VC-backed companies, broken down by round size, company location, sector and funding stage.
4 Founder origins
Where Hong Kong's unicorn founders build
20 founders born in Hong Kong are behind 15 unicorns; 33% of those were built in the US. Origins are resolved from biography and education history, not current address. Compare with the other origin countries in Asia, ranked by founders or per 1M inhabitants.
5 Location comparison
How Hong Kong stacks up
Compare Hong Kong with similarly sized ecosystems in Asia — switch between combined EV, 5-year EV growth, and a growth × size view. Expand the table for the full ranking.
Combined enterprise value of each ecosystem.
Top ecosystems in Asia ranked by combined EV. Hong Kong's row is highlighted (#7).
| # | Ecosystem | Combined EV | EV growth | Unicorns | VC invested | Tracked startups |
|---|---|---|---|---|---|---|
| 1 | China | $5.8T | 3.1× | 521 | $34.5B | 25.1K |
| 2 | India | $925B | 7.5× | 131 | $14.1B | 13.7K |
| 3 | Israel | $578B | 5.4× | 133 | $10.6B | 4,860 |
| 4 | South Korea | $433B | 15.4× | 48 | $8.3B | 8,131 |
| 5 | Singapore | $322B | 8.5× | 40 | $4B | 4,063 |
| 6 | Japan | $229B | 5.8× | 21 | $7B | 7,960 |
| 7 | Hong Kong | $178B | 12.4× | 21 | $3.1B | 1,280 |
| 8 | United Arab Emirates | $79.1B | 10.5× | 24 | $3.9B | 1,617 |
| 9 | Indonesia | $64.9B | 5.0× | 12 | $485.4M | 1,221 |
| 10 | Taiwan | $61.9B | 7.6× | 12 | $209.1M | 653 |
| 11 | Türkiye | $52.7B | 16.0× | 10 | $716.6M | 2,072 |
| 12 | Vietnam | $34.4B | 15.3× | 4 | $461.5M | 623 |
6 Patent intelligence
Hong Kong startup IP portfolio: 115.7K patent families
Granted patent families assigned to startups headquartered in Hong Kong. Aggregated across the country's hub-level filings — Bay Area, Boston, etc. roll up under the United States row, the same way Tokyo and Osaka roll up under Japan.
More data
Explore Dealroom data →Get the full Hong Kong ecosystem on Dealroom
Live company-by-company deal flow, full cap tables, founder pedigrees, hiring signals and revenue trajectories.